Filing Flows › Freshworks (FRSH) › Q1 2026
Freshworks (FRSH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Freshworks (FRSH) reported revenue of $229M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +3% from the quarter before. Operating margin was -3.5%, net loss $4.8M (2.1% of revenue).
Freshworks, Q1 2026: revenue $229M (+16% year over year), operating margin -3.5%, net loss $4.8M, operating cash flow $62.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $229M | +3% | +16% |
| Operating profit | −$8.1M | -120% | — |
| Net earnings | −$4.8M | -103% | — |
| Operating cash flow | $62.4M | +0.1% | +8% |
| Free cash flow | $55.8M | — | — |
What changed
Revenue was $228.6M in Q1 2026, up 16% year over year and up 3% from the previous quarter. Subscription services, software licenses and maintenance was the largest line at 99% of revenue. Subscription services, software licenses and maintenance added $32.3M year over year (up 17%), 100% of the total change.
Gross margin was 84.8%, up 0.1 points from Q1 2025. Operating costs exceeded revenue by $8.1M, an operating margin of -3.5%. Operating expenses grew 14% against revenue growth of 16%. The fastest-growing cost line was Sales & marketing (+26%). The quarter ended with a net loss of $4.8M, after a profit of $191.4M the previous quarter. Non-operating items added $1.4M, -21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $62.4M (up 8% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $43.9M of share-based compensation. Working capital and other items added $15.4M. After purchases of property and equipment, net ($3.2M) and capitalized internal-use software ($3.4M), adjusted free cash flow as the company reports it was $55.8M.
Questions
What was Freshworks' revenue in the first quarter 2026?
Freshworks (FRSH) reported revenue of $229M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +3% from the quarter before.
Was Freshworks profitable in the first quarter 2026?
Operating loss was $8.1M (-3.5% of revenue) and net loss $4.8M.
Source: Freshworks 10-Q on SEC EDGAR.